Under the direction of the Vice President for Finance & Treasurer, the Assistant Treasurer is responsible for directing the University’s debt management, investments, and risk/insurance management functions; providing oversight of certain tax, compliance, and business relationships/contracts; and providing financial planning, modeling, and decision support for new revenue-generating opportunities developed by or presented to the university. The Assistant Treasurer supervises two staff members and oversees the work of contractors and consultants as needed/appropriate.
- Collaborates with MSU budget office and facilities department to evaluate capital financing needs.
- Evaluates, with the University’s external advisor, the optimal structure for borrowings and opportunities for minimizing the cost of capital.
- Leads the process for debt-related transactions, including approvals, through development of documents, data, analyses, and certifications necessary for execution. Serves as the principal point of contact with the New Jersey Educational Financing Authority.
- Oversees relationships with credit rating agencies, providing pertinent data and all other information for periodic ratings and disclosures.
- Manages the process of documenting bond-eligible capital expenses, obtaining reimbursement from the bond trustee, and monitoring/reporting on the draw-downs for all outstanding issues.
- Manages post-issuance compliance matters related to tax exempt debt, including applicable IRS guidelines and University policies with regard to private business uses, continuing disclosure agreements, and other documents and processes in connection with the University’s debt program.
- Ensures proper record-keeping for all documents related to the University’s debt program.
- Determines, in collaboration with legal counsel and others, the lines of insurance coverage that are required or appropriate, and the terms of such policies (limits, deductibles, exclusions, etc.)
- Acts as point of contact with the risk manager for the NJ State College & University consortium.
- Assists in procuring insurance coverages in accordance with University requirements and best practices.
- Designs or helps design university policies and practices to evaluate exposures and mitigate potential losses.
- Coordinates new or ongoing matters that arise with regard to losses, claims, and resolutions.
The above statements reflect the general details considered necessary to describe the principal functions of the job as identified, and shall not be considered as a detailed description of all work requirements that may be inherent in the position.